Infinium Global Research has added a new report on Credit Management Software Market.
The report presents analysis of global as well as regional markets of credit
management software market over the period of 2016 to 2024. Credit management is a
type of software that prioritizes credit card management workflow as well as
storing key information and preparing day-to-day tasks carried out by the
credit management team. It is used to improve the efficiency of the credit
management function, freeing up employees time, to focus on the high priority
and more complex tasks. Some software solutions offer role based functionality
and subsequent possibilities to share information with specific roles within the
organization. Credit management software can cover a huge variety of credit
management functions such as interest and cost calculation, cash allocation and
customer segmentation.
Increasing international trade as working cross borders becomes
more common is the major factor driving the growth of the credit management
software market. Increasing awareness about the benefits of using automation
and dedicated software of credit mangagement has triggered the growth of the
credit management software market. Owing to credit record management and cash
flow, management benefits a wide range of companies belonging to various
sectors such as telecom, healthcare, manufacturing, information technology, and
electronics are implementing the credit management software. However, opposing
regulations and business protocol as well as simple barriers such as language
and currency are increasing the time and operating costs associated with trade.
This in turn is anticipated to hamper the growth of the credit management software
market during the forecast period. Furthermore, increasing adoption of the
credit management software in the medium-sized organizations is further
anticipated to provide several growth opportunities for the key players in the
credit management software market over the upcoming years.
Among the geographies, Asia Pacific is anticipated to dominate
credit management software in terms of revenue .Heavy investments in the
international companies due to cheap labor has to lead to rapid
industrialization in the Asia Pacific regions. , North America is expected to
hold the largest market share due to presence of considerable number of small
medium and large enterprises have boosted the demand for credit management
software in this region. Moreover,
the growth matrix presented by Infinium Global Research identifies the key
investment markets in the near future, this will not only help the companies to
understand the competitive position in the global credit management software
market but also make strategic decisions to capture the most lucrative markets
in the near future. The market size is presented in terms of value for the
historic year 2016 and estimated for forecast period of 2018-2024.
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The recent report identified that Asia Pacific
dominated the global credit management software market over the last couple of
years, while emerging markets of Asia-Pacific and Latin America are anticipated
to contribute significantly to the growth in the credit management software
market worldwide.
The report segments the global credit management
software market on the basis of Deployment Type, Organization Size and
Service Type.
Global Credit Management Software Market by
Deployment Type
·
On-Premises
·
Cloud
Global Credit Management Software Market by
Organization Size
·
Small & Medium Enterprises
·
Large Enterprises
Global Credit Management Software Market by
Service Type
·
Operation & Maintenance
·
System Integration
Companies Profiled in the Report
·
High Radius
·
Rimilia
·
SOPLEX Consult GmbH
·
Equiniti
·
Esker
·
HanseOrga Group
·
Innovation Software Limited
·
Schumann GmbH
·
Onguard
·
Misys
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